Canadian General Investments (TSE:CGI) Sets New 12-Month High – Should You Buy?

Shares of Canadian General Investments (TSE:CGI) reached a new 52-week high on Tuesday . The company traded as high as C$43.02 and last traded at C$42.82, with a volume of 1430 shares. The stock had previously closed at C$41.67.

Canadian General Investments Stock Up 0.5 %

The stock has a 50 day simple moving average of C$40.95 and a 200 day simple moving average of C$39.45. The company has a quick ratio of 7.44, a current ratio of 6.79 and a debt-to-equity ratio of 13.42. The stock has a market cap of C$870.28 million, a price-to-earnings ratio of 5.34 and a beta of 1.18.

Canadian General Investments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Friday, November 29th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.00 annualized dividend and a yield of 2.40%. Canadian General Investments’s payout ratio is 12.80%.

Canadian General Investments Company Profile

Canadian General Investments, Limited is a close ended equity mutual fund launched and managed by Morgan Meighen & Associates Limited. It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in stocks of companies across all market capitalization.